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University Heights Multifamily Homes & Duplexes for Sale

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  • /25

    $520,000

    • 1 Bed
    • 1 Bath
    • 2,400 Sq Ft

    217 Princeton Dr SE, Albuquerque, NM 87106

    Don't miss this unique opportunity to own a versatile 4-unit property ideally located just steps from the University of New Mexico main campus. (Under 1/2 mile and only an 8min walk). Minutes from groceries, laundry and food establishments. Perfect for investors or owner-occupants, this well-maintained building features two spacious 2-bedroom units and two cozy 1-bedroom units--each with

    Michael Matias Three Sons Property Mgmt.

    217 Princeton Dr SE, Albuquerque, NM 87106
  • /2

    $419,900

    • 2 Beds
    • 1 Bath
    • 2,680 Sq Ft

    311 Princeton Dr SE, Albuquerque, NM 87106

    Nice triplex by UNM. Two units are attached and the third unit is a detached unit at the back of the property. Units A is 2BR1BTH 1010 Square Ft with it's own washer/dryer. Unit B is 2BR/1BTH 793 Square Feet. The detached Unit C is 3BR/1BTH 877 Square Feet. Current rents total $3440, with room for improvement. Units are all occupied, please do not disturb the occupants.

    Arun Mehra Red Rock Realty & Invest of NM

    311 Princeton Dr SE, Albuquerque, NM 87106

Why Live in University Heights

University Heights’ name is a nod to its location directly across from the sprawling University of New Mexico campus. However, this Albuquerque neighborhood’s relationship with UNM is just part of the picture. University Heights also features a medley of local businesses, and its well-established homes draw students and full-time residents alike. “It’s a good mixed-use area where you have restaurants as well as housing all along Route 66 there,” says Shane Dolinski, an associate broker with Realty One of New Mexico, who has about 25 years of industry experience. The housing stock in this neighborhood consists mainly of Pueblo and Craftsman-style bungalows built from the 1920s to the 1950s. Houses line a series of streets named after universities, including Yale Boulevard, Harvard Drive, Cornell Drive and Stanford Drive. The names represent the area's educational spirit, with UNM nearby. “I think when they established the university, the idea was forward-thinking,” Dolinski says. “And the city planners started to plan the areas around the university, and they used the great colleges as street names because they thought it was very fitting.” Homes on these streets come with lots

Home Trends in University Heights, NM

Housing Trends

Median Sale Price
$384,500
Median Single Family Sale Price
$375,000
Median Townhouse Sale Price
$389,000
Average Price Per Sq Ft
$269
Number of Homes for Sale
6
Last 12 months Home Sales
9
Months of Supply
8.00
Median List Price
$385,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
3%
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